Wednesday, December 21, 2011

Bank Of America Settles

http://www.chicagotribune.com/news/local/breaking/chi-settlement-announced-over-countrywide-loans-20111221,0,2935984.story
So lets see, BOA oversees/encourages people to buy more house than they can afford (with the help of the National Association of Realtors) and they get hit with a $335 Million settlement???

That equals $1675 for each of the 200K people, who are probably now homeless and have no mailing address, because the bank took the homes back.

Good deal! A win for BOA.
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